Managing Your Lease-End Options


If you have never leased a vehicle, it’s important to know what exactly a vehicular lease is. Let’s say you rent a vehicle for three years. You pay installments each month to maintain rental of the vehicle, costing the loss of value of the vehicle, plus interest. At the end of such an agreement, you’re expected to return the vehicle to the dealership, lessor, or whoever leased such equipment to you.

You should research the scenarios that can unfold when your lease ends. You can lease the vehicle again, or turn down any lease offers. Another possibility is that you’re offered to buy the vehicle at a lower rate than what it could command on the market. In such an event, you need to take advantage and purchase the vehicle, as long as you have sufficient cash to do so, and the car is actually a great deal, not just a “good” deal.

Come by Carson Nissan and ask for our lease-end scenario advice.
Categories: Finance

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